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  4. Cosmetics

Eye Cosmetics - Nicaragua

Nicaragua
  • In Nicaragua, the revenue in the Eyes market is projected to reach US$11.16m in 2024.
  • According to the forecast, the market is anticipated to grow at an annual rate of 2.59% (CAGR 2024-2029).
  • Comparing globally, United States generates the highest revenue in this market segment, amounting to US$5bn in 2024.
  • When considering the total population, the per person revenue is estimated to be US$1.56 in 2024.
  • The demand for high-quality eyewear in Nicaragua is on the rise due to the country's growing middle class and increased focus on personal style and fashion.

Definition:

The Cosmetics market Eyes cover beauty products for the eyes including mascara, eyeliner, eye shadow, and makeup for eyebrows. Excluded are care products such as eye cream, natural cosmetics, professional products, and services.

Additional Information:

The market comprises revenue, average revenue per capita, and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.

In-Scope

  • Mascara
  • Eyeliner
  • Eye shadow
  • Make up for eyebrows

Out-Of-Scope

  • Eye cream
  • Natural cosmetics
  • Professional products & services

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Most recent update: Nov 2024

Source: Statista Market Insights

Key Players

Most recent update: Mar 2024

Source: Statista Market Insights

Sales Channels

Most recent update: Mar 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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